Business News

Oct 06, 2018

9:27PM

The Center and Asian Development Bank, ADB, have signed a 110 million dollar loan agreement for the upgradation of 2,800 kilometers all-weather rural roads in Madhya Pradesh.

The loan is a part of 500 million dollar Second Rural Connectivity Investment Program, Tranche 2, approved by the ADB Board December last year, under the Prime Minister's Rural Roads Program. ln view of increased rainfall and storm surges in Madhya Pradesh, the road designs take into account these climate risks with measures such as greater elevation of road embankments and slope protection.

The two projects, Tranche 1 and Tranche2, facilitates the improvement of about 12,000 kilometres rural roads across the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal.

The overall program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities.